Ann Francke, chief executive of the Chartered Management Institute, said: “It should be a real cause for concern that the UK’s… More

SFP helps to save every job at recruitment consultancy

Monday, 21 March 2016

The nationwide insolvency practitioners SFP has successfully sold the business and assets of recruitment consultancy Keene and Lord Limited, and in doing so has preserved all of the company’s 25 jobs. The sale followed the successful restructuring, marketing and advertising of the business.

Established in 2011, Keene and Lord grew quickly and maintained offices in Theale, Hemel Hempstead, Bristol, Heathrow and Reading, with a 2015 turnover of £12 million. It focused on a number of different markets including automotive, hospitality, and sales and marketing.

A number of bad debts led to cash flow difficulties within the company and eventually to the appointment of the IP.

SFP’s Simon Plant and Daniel Plant – both licensed members of the Insolvency Practitioners’ Association (IPA) – were appointed as Administrators of Keene and Lord on 26th February 2016, and have worked hard to achieve a restructure.

“This is a good result for the firm’s employees and contract staff, “ Simon says. “The business has continued to trade and is now well positioned to develop its offering and expand its client base.

“Businesses usually fail because of a shortage of cash, rather than any other underlying problems, which is why seeking expert help early to facilitate a turnaround is always encouraged.”

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